Overview
- Alphabet posted $102.3 billion in Q3 revenue as AI features in Search and YouTube helped drive a 12.6% rise in ad sales to $74.2 billion.
- Google Cloud revenue climbed to about $15.2 billion, up roughly 33% year over year, with a backlog reaching $155 billion and more billion‑dollar deals signed this year.
- Gemini usage accelerated, with the app at roughly 650 million monthly active users and Google reporting sharp increases in token processing across its models.
- Capital spending guidance rose to $91–$93 billion for 2025, with 60% of Q3 capex going to servers and the rest to data centers and networking; Alphabet shares jumped about 6% after hours.
- Peers also stepped up AI outlays, as Meta raised 2025 capex to $70–$72 billion and signaled faster growth in 2026, but its shares fell on spending concerns and a $15.9 billion one‑time tax charge.